The housing market across Maine is steady but slow. The prices remain very affordable and there is an ample supply in all price ranges. In Portland, the average price of a house is $121,200. The market has slightly more sellers than buyers, with an adequate supply of available homes in all price categories.
In Newport, the prices are even less and average around $100,000. Houses are on the market for 60 to 90 days before selling. They are getting between 90 and 95% of their sale price. The market is even between buyers and sellers.
In Yarmouth, houses are selling for an average of $212,000. They are on the market for 60 to 90 days before selling. The market is even between buyers and sellers. Buyers are getting close to 95% of the original asking price for their house.